ISLAMABAD- Elsewedy Electric, Egyptian engineering services company, iskeen on expanding production in Pakistan after acquiring ValidusEngineering Pakistan. This was announced by the Minister of State and Boardof Investment (BOI) Chairman, Atif Bokhari.

Atif took to Twitter and said that the Managing Director of ElsewedyElectric, Sherif Abo Elhassan, reached out to him to discuss investmentopportunities in Pakistan.

He wrote, “The Egyptian company recently acquired 100% equity stake inValidus Engineering Pakistan and has plans to boost production capacity tonot only meet domestic demand but also support regional export.”

He added that the Egyptian company has also shown interest in investing ininfrastructure and construction projects available on BOI’s Projects Portal.

“It is heartening to see that BOI’s efforts for investor facilitationthrough online availability of investment-related information, isculminating into potential ventures”, Atif wrote, adding, “I have assuredMr. Sherif of BOI’s support to facilitate Egyptian investment in Pakistan.”

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